Originally Posted by GregE

Lots of people live paycheck to paycheck (or not much better). By definition, they put all of their money back into the economy.

Some - not necessarily all - of the 2 percent put a portion of their money into overseas tax shelters and all of them bank the remaining surplus.

Now tell me, which group's (domestic) spending habits will be more greatly impacted by higher taxes?

The answer seems self evident to me, but maybe I'm missing something here.